« More First Quarter Results | Main | Northwest Flight Attendants Learning of Proposed Contract Details »

Apr28
Midwest Air Shareholder Wants Talks with AirTran Airways

AirTran Holdings Inc., (AAI) the parent company of AirTran Airway's offer to purchase Midwest Air received some hope after a New York hedge fund that has been buying shares said that the airline, Midwest, should entertain the AirTran offer.  Octavian Advisors LP said they are disappointed that Midwest Air’s boards decision to not "engage in meaningful dialogue with AirTran regarding their latest offer."

AirTran Airways is still offering $15 per share worth roughly $389 million dollars for Midwest Air. 

On Thursday Midwest Air Group Inc., (MEH) the parent company of Midwest Air released their first quarter results.  The airline earned $0.31 per share but fell short of what the company had hoped for.  "While the first quarter of 2007 was positive on several levels, overall it fell short of our expectations," said Timothy E. Hoeksema, chairman and chief executive officer.

Midwest needs to entertain this offer.  When Delta and Northwest both come out of bankruptcy in the coming weeks (Delta on April 30) Midwest is going to be in trouble.  Both of those airlines are going to be leaner, tougher and stronger.  Midwest is going to need the power and the financial backing to take on both of them.  Midwest is going to take a pounding from NWA.  They are going to need AirTran’s history of taking on Delta. 

Related:  AirTran Issues Comments on Midwest's Performance in 1st Qtr.   

Charlotte Biz Journal 

WisBusiness.com 


0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« More First Quarter Results | Main | Northwest Flight Attendants Learning of Proposed Contract Details »

Advertise

Related Resources

  • Aircraft for Sale - J.A. Aero provides new and used aircraft for sale for the international community. Huge selection at great prices.

sponsored ads



subscribe


Prefer Email?
Subscribe below-

Enter your Email:


Powered by FeedBlitz What's this?

Current News

Support This Blog

business social media

Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

BIZZlogos - Add your logo - free link to your site
BIZZphotos - Add photos of your products and people
BIZZprofiles - Submit your profile and build your online visibility
BIZZspotlight - Spotlight your business with free links
BIZZvideos - Videos about businesses, products and business people.
BIZZbites - "Digg" for Business - Submit your articles and posts

know more media network

View Network Map

Network Feed List (OPML)

Know More Media Network
Feed


we support unitus

PRWeb

Influencer



TheAirlineHub is a member of the Know More Media network of business related blogs.

Here are some current headlines from some of our business publications:

ProductivityGoal

CallCenterScript

AdHurl

TheBizofKnowledge

LandingTheDeal

CustomersAreAlways

HealthCareVox

BrainBasedBusiness

TheInsurancePolicy

MarketingBlurb